Why WEX Inc. (NYSE:WEX) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $93.48 on WEX Inc. (NYSE:WEX) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $4.26 for the next fiscal and $N/A for underway quarter. Valuation Estimates Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of WEX Inc. (NYSE:WEX) stands at 35.11. Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For WEX Inc. common stock, the PEG ratio for coming 3-5 years is 1.86. Technical Analysis The technical analysis highlights that WEX Inc. common stock current price is trading $2.15 points away +2.38% from $90.53, which stands as the 50-day moving average of the firm. The stock’s 200-day MA is $81.69 and, for now, the stock price is trading $10.99 or +13.45% away from that point. The 52-week high of WEX Inc. (NYSE:WEX) was $112.74 while lowest point recorded in 52-week was $54.42. It implies if stock price makes a movement of over $-20.06, it will record a new 52-week high. In the case of $+70.31% points drop, it will touch a new 52-week low.

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